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130
Dec 19, 2012
12/12
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WETA
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>> i think it is fair to say that carmen reinhardt and i realized there would be a lot more crises overtime when we started our project in 2002, in 2003, but as the crisis began to unfold in 2007, we wrote a paper showing that looking at indicators like what was happening to housing prices, what was happening to the trade balance, and a number of other macro indicators, the u.s. was looking very, very vulnerable but it is very hard to just say, you know, i know it is going to happen this minute. the nature of these things, you are watching it unfold before you, little decisions which are seemingly innocuous make a big difference but i think the fact that something had to give with this bubble i think i had started writing about that in the early 2000s. >> rose: so my question is, how will we know when the next crisis is coming? >> well, you know, certainly one indicator is looking at credit bubbles. there is a lot of evidence for that. and i think central banks need to go back to looking a lot harder at what has happened to credit throughout the cycle. it is an indicator that sort of got ca
>> i think it is fair to say that carmen reinhardt and i realized there would be a lot more crises overtime when we started our project in 2002, in 2003, but as the crisis began to unfold in 2007, we wrote a paper showing that looking at indicators like what was happening to housing prices, what was happening to the trade balance, and a number of other macro indicators, the u.s. was looking very, very vulnerable but it is very hard to just say, you know, i know it is going to happen this...
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176
Dec 8, 2012
12/12
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KRON
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reinhardt was indicted on eight counts of wire fraud. he made his first appearance in court on thursday and he was released on a $50,000 bond. reinhardt is scheduled to appear in court again next month. each count of wire fraud carries a potential sentence of up to 20 years in prison >> here is a live look at the sierra. this is a beautiful scene from the heavenly ski resort. >> it is really foggy outside. a dense fog advisory ab is an affect. into afternoon as should be sunny conditions. summit to stay we are expecting sunday skies.sunday through tuesday we are expecting sunny skies. this will expire about 11:00 a.m.. the visibility is down to less than a quarter of a mile. it has improved in santa rosa. you can see that it is pretty dense in the north bay as well as the inland valley spirit we are expected clearing. it will be sunny drop the day as we head into the evening hours. >> it has been a chilly start and mid 30's and santa rosa. 45 degrees currently in daly city. as we had at the the new hour was the loss 60's and the north ba
reinhardt was indicted on eight counts of wire fraud. he made his first appearance in court on thursday and he was released on a $50,000 bond. reinhardt is scheduled to appear in court again next month. each count of wire fraud carries a potential sentence of up to 20 years in prison >> here is a live look at the sierra. this is a beautiful scene from the heavenly ski resort. >> it is really foggy outside. a dense fog advisory ab is an affect. into afternoon as should be sunny...
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90
Dec 12, 2012
12/12
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CNBC
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the market action and analysis with a big lineup of guests, including bill gross of pimco, charles reinhardt of morgan stanley, and professor susan wachter of the wharton school. we have mostly green on the street. modest gains for the dow jones industrial average. there is the s&p 500 in positive territory today as well. positive financials leading the way. tech a bit of a drag. speaking of tech, apple's next big bite. new reports suggest it's working on a tv. what's it mean for a stock that's suddenly been struggling. saving face. facebook is up 10 of the past 12 days. now as it joins the nasdaq 100, should you own it? one stock, two strong opinions as we debate it. first, our top story, fed watch. the markets are facing key questions today. more stimulus for stocks on the way. what happens if it it's not. our traders for the hour, pete na jarian. pete, what's the fed going to deliver, and what's it mean for the markets? >> everybody's focus, they're looking at the fed, but most of us know what the fed is likely going to do, which is going to be maybe they extend this buying they've been d
the market action and analysis with a big lineup of guests, including bill gross of pimco, charles reinhardt of morgan stanley, and professor susan wachter of the wharton school. we have mostly green on the street. modest gains for the dow jones industrial average. there is the s&p 500 in positive territory today as well. positive financials leading the way. tech a bit of a drag. speaking of tech, apple's next big bite. new reports suggest it's working on a tv. what's it mean for a stock...
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92
Dec 1, 2012
12/12
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CSPAN2
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historically able to handle debt levels -- >> partly propagated by well-known -- [talking over each other] >> reinhardt and robot have a wonderful book about the history of crises but then after the book they throughout this very casual paper which was just raw correlations saying countries with high debt had and you look at it and it looks like it is the other way around, low growth end up with high debt. not up to the standard -- >> the united states had a debt to gdp ratio in world war ii of 30% and it was followed by the highest period of economic growth that we had and we brought the debt down relatively quickly. the notion that there's a lot magic number that would solve the problem is off. what we should have asked the question, what would have happened -- [talking over each other] >> one of them is going to say that is a really good question. >> which would have happened if we hadn't allowed the deficit to increase? if we had tried to do a herbert hoover kind of policy of splash/and expenditures as the tax revenue went down. we did that experiment. the imf force that experiment on a number of o
historically able to handle debt levels -- >> partly propagated by well-known -- [talking over each other] >> reinhardt and robot have a wonderful book about the history of crises but then after the book they throughout this very casual paper which was just raw correlations saying countries with high debt had and you look at it and it looks like it is the other way around, low growth end up with high debt. not up to the standard -- >> the united states had a debt to gdp ratio...
79
79
Dec 29, 2012
12/12
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CSPAN2
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sarah ann reinhardt took over some of it. kinsey started his own publishing company and lasted quite a few years and the editor, who had a contract paid my salary out of his own pocket for quite a few weeks and his secretaries as well. while he still had use of the office. they were all nice people and one day even got a glimpse of sinclair lewis. you will have memories of the printed word all the days of your life. when i reread this, it is how in many ways the publishing world that i entered as a writer in the late 1970s bore more resemblance to the publishing world of the 20s that he is describing. already then, a half-century gone and the one we have now, 35 years later. i remember the editor telling me i had to be ambitious and want to success. i had to imagine the book i was writing. when it actually happened, i learned from excited friend who had seen it and called me up. we race down there so she could photograph me in front of the store. it is now a benetton and a book would as likely as not be trying to catch someon
sarah ann reinhardt took over some of it. kinsey started his own publishing company and lasted quite a few years and the editor, who had a contract paid my salary out of his own pocket for quite a few weeks and his secretaries as well. while he still had use of the office. they were all nice people and one day even got a glimpse of sinclair lewis. you will have memories of the printed word all the days of your life. when i reread this, it is how in many ways the publishing world that i entered...
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279
Dec 7, 2012
12/12
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CNBC
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you combine that with reinhardt, rogoff and the idea we're in a 2% world all of a sudden, would doing the fiscal cliff make it possible to do 5% or are we just -- we know austerity's coming and we know -- i'm saying we've got a lot of debt -- i'm saying that we are maybe in a new -- we might be in a new normal. is there any reason to think we could do a 4% or 5%? >> nobody wants to take an automatic hit. the number you want to achieve and achieve it quickly, that's one aspect, but no one wants a huge hit, for example, to defense spending. >> do you think we'll get to 7% in unemployment? >> i do. 6.9%. >> even though we're facing the same kind of austerity as europe. >> i think american companies put americans back to work. >> and freeing up the corporate cash will overcome -- >> get rid of the uncertainty. >> why would the cash be freed up? if you are raising capital gains tax -- all the things we're doing are negative. >> hold on. i guess i disagree fundamentally that the capital gains tax is the definitive reason why you would or would not make an investment. i think there's two pie
you combine that with reinhardt, rogoff and the idea we're in a 2% world all of a sudden, would doing the fiscal cliff make it possible to do 5% or are we just -- we know austerity's coming and we know -- i'm saying we've got a lot of debt -- i'm saying that we are maybe in a new -- we might be in a new normal. is there any reason to think we could do a 4% or 5%? >> nobody wants to take an automatic hit. the number you want to achieve and achieve it quickly, that's one aspect, but no one...